LSHEC(603169)2025-04-29 15:05Financial Performance - The company's operating revenue for Q1 2025 was ¥1,412,164,230.17, representing a 52.30% increase compared to ¥927,255,084.99 in the same period last year[2] - Net profit attributable to shareholders decreased by 56.08% to ¥14,545,609.34 from ¥33,114,671.21 year-on-year[3] - The net profit after deducting non-recurring gains and losses dropped by 91.90%, primarily due to changes in product sales structure and increased competition in the traditional energy equipment market[2] - Basic and diluted earnings per share for Q1 2025 were both ¥0.0111, down from ¥0.0254 in Q1 2024[16] - Net profit for Q1 2025 was ¥11,495,372.32, a decrease of 64.4% from ¥32,258,415.01 in Q1 2024[15] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥12,085,673,548.45, a decrease of 2.35% from the previous year[2] - The company's current assets decreased to CNY 7,226,201,819.25 from CNY 7,673,196,448.91, representing a reduction of about 5.82%[11] - The total liabilities of the company decreased from CNY 8,845,261,533.71 to CNY 8,535,662,735.41, reflecting a decline of approximately 3.49%[12] - The company's equity remained stable with total equity reported at CNY 3,549,010,812.04 as of March 31, 2025[12] - The long-term borrowings increased from CNY 965,165,000.00 to CNY 1,574,639,200.00, indicating a rise of about 63.36%[12] Cash Flow - The cash flow from operating activities was ¥14,884,691.89, a slight decrease of 2.37% compared to the previous year[2] - Cash flow from operating activities for Q1 2025 was ¥14,884,691.89, a slight decrease from ¥15,245,695.44 in Q1 2024[18] - The company reported a net cash outflow from investing activities of ¥47,406,748.81 in Q1 2025, compared to a smaller outflow of ¥1,217,241.15 in Q1 2024[18] - Cash paid for debt repayment was 1,950,606,495.84, indicating a reduction of approximately 8.6%[20] - The ending balance of cash and cash equivalents decreased to 1,175,169,931.59, reflecting a decline of about 37.4%[20] Research and Development - Research and development expenses increased by 112.01%, reflecting the company's commitment to new product development and technology transformation[6] - Research and development expenses increased to ¥36,531,094.97 in Q1 2025, compared to ¥17,230,830.47 in Q1 2024, reflecting a growth of 112.5%[15] Government Support - The company received government subsidies amounting to ¥10,046,359.41, which are closely related to its normal business operations[5] Shareholder and Financing Activities - The company has no significant changes in shareholder structure or major financing activities during the reporting period[10] - The company raised ¥5,900,000.00 from minority shareholders in Q1 2025, contributing to its financing activities[18] Inventory and Costs - Total operating costs for Q1 2025 were ¥1,426,861,342.15, up 56.0% from ¥914,567,807.60 in Q1 2024[15] - Inventory levels dropped significantly from CNY 3,077,730,260.43 to CNY 2,678,550,918.02, indicating a decrease of approximately 12.99%[11] Other Notable Points - The company will not apply new accounting standards starting from 2025[21] - There are no new product launches or technological advancements reported in the current quarter[10]